__________ with other firms that have an interest in a possible innovation share the costs and risks associated with the effort.

Question

Quizplus · Accepted Answer

Joint ventures involve two or more firms collaborating and forming a new entity to undertake a specific project or innovation. In this way, the costs and risks are shared among the parties involved. Acquisitions and mergers involve one firm taking over another completely, and joint strategy may involve cooperation but does not typically involve the creation of a new entity to share costs and risks.

__________ with Other Firms That Have an Interest in a Possible